Separator

Bengaluru based tech Startup Tummoc raises $540,000 led by Angel Investors

Separator
Tummoc, a Bengaluru-based tech startup, has raised $540,000 in seed funding from angel investors. Tummoc is gaining traction as India's first transit platform dedicated to providing real-time and reliable public transportation information. They assist customers in determining the quickest and cheapest route, as well as the anticipated cost of travel from point A to point B.

Vineet Singh (founder of HMPL Consulting), Krishna D (Software Development Manager) Amazon, Deependra Bisht (Strategy & Operations) Google, and Alan Aim (Strategy & Operations) Google led the round (founder of Right Buy U, UK).

Tummoc intends to put the money on expansion, product development, team building, and technology upgrades. Tummoc's future expansion plans will be boosted by this financing, which aims to open in 10 major cities by the end of 2021.

Tummoc's co-founders Hiranmay and Monalisha founded the company in 2016 to help Bengaluru residents access multi-mode public transportation information and fairly priced commuting solutions for short distances with a single click.

Later joined by Co-founder Narayan, the team created a multi-modal commute platform that allows commuters in Bengaluru and Kolkata to acquire precise bus/metro information, learn about public transportation routes, and book bike or auto rides.

Tummoc has facilitated over 120k journeys since its inception and now aspires to be the top last-mile connectivity provider in the country.

Commenting on this, Co-Founder Hiranmay adds, “We are delighted to have concluded our seed funding round with capital raised from industry stalwarts who will also serve as a guiding force to help us in charting the road ahead at Tummoc. We will be using the investment to fund the expansion of our operations to other key metro cities in the country including Delhi, Mumbai, Hyderabad, Chennai, Jaipur, Lucknow, and Kochi by end of this calendar year. Born out of the understanding that many commuters are unable to effectively use public modes of transportation due to a lack of credible information, we have introduced many additional features since inception that have served to enhance the user experience. We remain committed to simplifying public transport further through constant innovation.”